Rangers Sign Deal For Stadium Name Rights

The Rangers on Wednesday announced a deal with insurance firm Globe Life to rename the Ballpark in Arlington to Globe Life Park in Arlington.

Financial terms were not disclosed for the 10-year deal with Globe Life and Accident Insurance Co. of Oklahoma City. Globe Life is a subsidiary of Texas-based Torchmark Corp.

In a statement, Rangers co-owners Ray Davis and Bob Simpson said, “Globe Life is the perfect partner—a Texas-based company that has been helping families with their insurance needs for more than 60 years. This agreement makes us a stronger organization, on the field and in our community. It will give us increased flexibility and help us remain competitive from both short-term and long-term perspectives.

With the deal, 21 major league teams have sold the rights to name their ballparks. The nine holdouts are the Braves, Orioles, Red Sox, Cubs, Royals, Dodgers, Marlins, Yankees and Nationals.